Adani ports & sez delivered strong operational performance in Feb'26, demonstrating continued momentum in cargo handling across its port network. The company reported handling 42.5 MMT of total cargo during the month, reflecting robust 16% year-on-year growth driven by strong performance in key cargo segments.

Monthly Performance Highlights

The Feb'26 performance showcased balanced growth across major cargo categories. Container operations emerged as a key growth driver, registering 14% year-on-year expansion, while dry cargo segment contributed significantly with 15% YoY growth. This diversified growth pattern underscores the company's operational efficiency and market positioning.

Year-to-Date Performance

The cumulative performance for YTD Feb'26 reinforced the company's strong operational trajectory. Adani Ports handled 454.7 MMT of total cargo during the year-to-date period, achieving 11% year-on-year growth. Container operations continued to be the standout performer with impressive 20% YoY growth, significantly outpacing the overall cargo growth rate.

Logistics Operations Update

The logistics segment presented a mixed performance picture during Feb'26. Rail volume operations recorded 52,101 TEUs, representing modest 3% year-on-year growth. However, GPWIS (Grain, Pulses, Wheat, Iron ore, Steel) volume experienced a decline, reaching 1.7 MMT with an 8% YoY decrease.

For the year-to-date period, logistics rail volumes demonstrated stronger momentum with 640,280 TEUs, marking 10% YoY growth. GPWIS volumes for YTD Feb'26 stood at 19.7 MMT, showing a marginal 1% YoY decline.

Operational Excellence

The Feb'26 results reflect Adani Ports' continued focus on operational excellence and capacity utilization across its port network. The strong container performance aligns with India's growing trade volumes and the company's strategic positioning in key maritime corridors. The diversified cargo mix, including both containers and dry cargo growth, demonstrates the company's ability to capitalize on various market opportunities while maintaining operational efficiency across different cargo segments.

Adani Ports & SEZ has successfully raised US$197 million through early tenders in its cash tender offers for two series of Senior Notes, as part of its strategy to improve liability structure. The company announced the early results of its previously announced cash tender offers, providing an update on the response from bondholders ahead of the early tender deadline.

Tender Offer Structure

The company initiated tender offers to purchase for cash up to US$345,137,000 in aggregate principal amount of outstanding 4.0% Senior Notes due 2027 and up to US$150,000,000 in aggregate principal amount of outstanding 3.10% Senior Notes due 2031. The tender offers are being conducted pursuant to a Tender Offer Memorandum dated February 10, 2026.

Early Results and Response

As of the Early Tender Date, which expired at 5:00 p.m. New York time on February 24, 2026, the company received significant response from bondholders:

The combined early tender amount of approximately US$197 million represents nearly 40% of the total maximum acceptance amount across both note series.

Settlement Timeline

Subject to the satisfaction or waiver of conditions set forth in the Tender Offer Memorandum, the Early Settlement Date for notes accepted for purchase at or prior to the Early Tender Date is expected to be on or about February 27, 2026. On this date, the company expects to pay Early Tender Offer Consideration to holders of tendered and accepted notes, plus accrued and unpaid interest up to but excluding the Early Settlement Date.

The tender offers will expire at 5:00 p.m. New York City time on March 11, 2026, unless extended, re-opened, or amended at the company's sole discretion, subject to applicable laws and provisions in the Tender Offer Memorandum.

Professional Services

Adani Ports has engaged Cantor Fitzgerald & Co. and Jefferies Singapore Limited as joint dealer managers for the tender offers. Sodali and Co Ltd. serves as the information and tender agent. The company has established a transaction website at https://projects.sodali.com/adaniports where relevant documents, including the Tender Offer Memorandum, are available.

For media queries, interested parties can contact Mitul Thakkar at mitul.thakkar@adani.com , while investor relations inquiries should be directed to Rahul Agarwal at Rahul.agarwal5@adani.com .